Consumers are still cautious about spending as the effects of the recession linger. But many retailers are feeling more optimistic as we head into the holiday shopping season. Here’s a look at the people who are leading retail …
Fund manager Neil Hennessy believes investors should target retail stocks that are likely to thrive in slow-growth economic conditions — but which also stand to benefit when the economy picks up again. Here are some of his fav…
Americans will raise their holiday spending by 1% this year, offering “glimmers of hope” for retailers, according to a trade group.
A survey by the National Retail Federation showed that U.S. consumers plan to spend an average of $688.87 on holiday-related shopping, Bloomberg News reported. Of the total, $518.08 will be spent on gifts.
“Consumers will still shop with the economy in…
Continue reading Americans to Spend More Over Holiday Season
Americans to Spend More Over Holiday Season originally appeared on DailyFinance on Tue, 19 Oct 2010 06:53:00.
Filed Under: Company News, Economy, Retail
Hasbro Inc (HAS) reported third-quarter earnings of $1.09 per share, compared with 99 cents per share a year earlier.
Net revenue rose 3% to $1.31 billion, the toymaker said in a statement. Absent the negative impact of foreign exchange movements, and revenue was up 4%.
The company saw growth in its preschool, boys and games & puzzles categories.
“Innovation across Hasbro’s…
Continue reading Hasbro Reports Third-Quarter Earnings of $1.09 Per Share
Hasbro Reports Third-Quarter Earnings of $1.09 Per Share originally appeared on DailyFinance on Mon, 18 Oct 2010 07:16:00.
Filed Under: Company News, Earnings, Retail, Stocks in the News
Gap’s same-store sales will likely fall in its fiscal third quarter, which ends this month, CEO Glenn Murphy warned at an investor meeting in New York on Thursday.
Continue reading Gap Same-Store Sales Likely t…